Investments

Vanguard Group Inc. stands atop the mutual fund business, and credits its "unique" structure: The largest mutual fund company is owned, not by for-profit investors, but by more than 100 of Vanguard's own mutual funds, which are owned by millions of clients. Vanguard says this frees managers to "focus on keeping costs as low as possible," passing savings to clients through lower fees for investment advice and other support services. Vanguard's singular model is now under scrutiny. One of Vanguard's own tax lawyers has blown a whistle on its practices. In his lawsuit filed under seal in the New York State Court for Manhattan before he was fired by Vanguard...

Related "Investments" Articles

Los Angeles commercial property landlord Evoq Properties Inc. has agreed to be sold for $357.4 million to a group of investors led by Atlas Capital Group of New York.
Evoq owns several downtown Los Angeles properties including vacant land ripe for...

Crowdfunding has found real estate. More than a handful of outfits have sprung up to collect small amounts of capital from a large number of individuals to finance their deals. One New York company is even selling stock in a single building in the...

Los Angeles passed a law last year requiring bicycle racks within 50 feet of the front door of many new buildings. But a problem surfaced immediately: The federal Americans With Disabilities Act requires handicapped parking spaces with an easy path to the...

American Apparel Inc. is getting some female supervision.The Los Angeles retailer, known for racy ads featuring scantily clad models, disclosed the names of four new board members, including the first woman in the history of the company. The board...

American Apparel has disclosed the names of four new board members, including the first female director in the history of a company known for racy advertising.
The board shake-up is part of a deal with New York investment firm Standard General, which...

Led by Swagbucks’ $60 million round of fund-raising, 35 Los Angeles County startups raised more than $330 million from April through June in what was a booming second quarter for startup investment nationwide.
The money is flowing to fewer firms, but...

A Florida investment firm has purchased a sweet piece of Southern California history in Helen Grace Chocolates, a Lynwood candy maker whose truffles and chocolate confections became a fundraising engine for legions of children and their schools.
The...

A New York investment group has bought a $10-million loan as part of its efforts to shore up American Apparel Inc.'s finances and keep it from teetering into bankruptcy.
Standard General, which controls a nearly 44% stake in the Los Angeles...

A perennial question in discussions of the 1st Amendment is the often blurry distinction between speech and conduct. Burn your draft card as an antiwar protest and you have committed criminal conduct. Burn the American flag as a political protest and...

In just three weeks, Dov Charney went from chief executive of American Apparel Inc. to a paid consultant who is forbidden from accessing the company's computer systems.
He now has no supervisory authority over the Los Angeles retailer's workers, and must...

American Apparel Inc. is getting a financial lifeline from its largest shareholders in an agreement that could leave founder Dov Charney out in the cold.
The Los Angeles retailer has signed a deal that will bring in up to $25 million in cash from New...

After weeks of turmoil following the ouster of Chief Executive Dov Charney, American Apparel Inc. has staved off potential financial ruin by reaching a deal with its largest shareholders that will bring a welcome infusion of cash and also keep its...

The corporate soap opera at American Apparel Inc. has taken another dramatic turn.
Standard General, the hedge fund that appeared to be riding to ousted Chief Executive Dov Charney's defense, now is portraying itself as American Apparel's best hope for...

Ousted American Apparel Chief Executive Dov Charney has regained control of a large chunk of the company's stock, but that strategy has tethered him to the strategic vision of the investment firm that allowed him to buy those shares.
Charney entered into...

Two weeks after his humiliating ouster from American Apparel Inc., Dov Charney's seemingly doomed quest to take back the clothing company he founded has gained surprising traction.
In an unorthodox move, the scandal-plagued Los Angeles chief executive...

The slugfest at American Apparel Inc. showed no signs of calming down as ousted Chief Executive Dov Charney increased his ownership stake and the retailer's board maneuvered to block him from retaking control.
Charney revealed late Monday that he paid...

American Apparel Inc. has refused to call a stockholder meeting requested by ousted Chief Executive Dov Charney and maneuvered to block him from retaking control of the company.
The Los Angeles retailer said Monday that a shareholder meeting demanded...

Shares of action camcorder maker GoPro Inc. surged in their initial public offering Thursday, and no one was happier than the private equity firms that got to cash in on the deal.
This year's IPO boom has helped to propel the stock market, boost economic...

Dov Charney intensified the campaign to get his job back at American Apparel Inc., the company he founded that unceremoniously ousted him last week.
Charney, who owns a 27% stake in the company, appears to be positioning himself to take back control of...